Business

HMRC: Beware of tax rebate text message scams

[ad_1] Image copyright Getty Images Earlier this month John, who believed he was due a tax refund, received a text message from "InfoHM"."I was bleary-eyed from waking up early," he says. "The excitement of what my tax refund would be overwhelmed my normally pretty rational brain."He followed online instructions, and unwittingly provided personal and bank account details to online fraudsters.HM Revenue and Customs (HMRC) is now warning young adults to
Business

Stagecoach calls for inquiry after rail bid document leak

[ad_1] Image copyright Getty Images Stagecoach has called for an inquiry into the way rail franchises are awarded, after details of a bid it submitted were sent to a rival. The transport giant claims the Department for Transport (DfT) failed to properly investigate the matter.The DfT said rival Abellio had not accessed information that would have affected the Stagecoach bid.Last week, Stagecoach was stripped of the East Midlands rail contract
Business

Jet Airways temporarily suspends all flights

[ad_1] Image copyright Reuters Troubled Indian airline Jet Airways has temporarily suspended all its domestic and international flights after failing to find fresh funding.The airline said its last flight would operate on Wednesday as it was not able to pay for fuel and other critical services.Jet Airways said it had no choice but to suspend the flights, but hopes to start flying again.It has $1.2bn (£900m) debt and has been
Business

China economy: First quarter growth beats expectations at 6.4%

[ad_1] Image copyright Getty Images China's economy grew slightly faster than expected in the three months to March, official figures released Wednesday showed. The economy expanded at 6.4% in the first quarter from a year earlier, ahead of a Reuters forecast of 6.3%. Beijing has taken steps to boost its slowing economy, including tax cuts, while trying not to inflate debt. The world's second-largest economy also faces softer global demand
Business

How can you stop your kids viewing harmful web content?

[ad_1] Image copyright Getty Images Image caption Is education and negotiation more effective than technology at policing your kids' digital usage? As concerns grow about the effect of harmful social media content on our children, we look at what tools are available for parents to regulate what kids see and how long they spend online. The struggle to prise them away from a life spent online is a familiar one
Business

‘Customers bring some of the best ideas’

[ad_1] Most businesses have quite fixed ideas about how their customers will use their products or services. But Nextdoor - a business which has set up community websites around the world - says it's more important to let local people decide how to use the product. Nextdoor's chief executive, Sarah Friar, says customers can actually give firms some of their best ideas.Video journalist: Jeremy HowellSee more at CEO Secrets. [ad_2]
Business

Brexit: British Steel seeks £100m government loan to meet EU rules

[ad_1] Image copyright British Steel Image caption British Steel's Scunthorpe plant British Steel is seeking a £100m loan from the government in order to meet EU emission rules.Previously, the company could have used EU-issued carbon credits to settle its 2018 pollution bill.However, the steel maker has been affected by a European Union decision to suspend UK firms' access to free carbon permits until a Brexit withdrawal deal is ratified.Sources say
Business

Is Uber really worth $100bn?

[ad_1] Image copyright Getty Images Everything about Uber is big.The taxi app and delivery business is America's biggest venture capital-backed company.It is forecast to raise $10bn ($7.6bn) when it sells its shares on the New York Stock Exchange - one of the largest amounts on record.And the 10-year-old company could be valued at as much as $100bn when it floats.However, the other big thing about Uber is its losses which,